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No Cost EMIs On Amazon

Amazon has amassed millions of fans in India over the past decade. Shoppers throng this e-commerce site to buy products ranging from electronics to apparel. Amazon also offers an easy way to pay for your purchases - No Cost EMI.

  • No Cost EMI is a great credit facility to pay for large purchases on Amazon. You can easily repay the loan amount in 3, 6, 9 or 12 months without any interest or processing fees.
  • No Cost EMI is an offer in which you pay your EMI provider only the product price, which is evenly divided over your repayment period.
  • For example, if you purchase a Rs. 30,000 item over a 6-month period, you will pay your EMI provider Rs. 5,000 every month for 6 months, for a total of Rs. 30,000.
  • Amazon No Cost EMI allows you to repay with credit card or debit cards. It is a simple Buy Now Pay Later facility offered by your bank or credit card company.
  • Apart from credit cards and debit cards, the NO Cost EMI offer is available on Bajaj Finserv EMI cards too.

Additional Read: Availing EMIs On Your Credit Card? Make Sure To Consider These Factors First

Let Us See How Amazon No Cost EMI Works

In a No Cost EMI offer, the interest component of your purchase is applied as a discount.

Here, the interest amount is given as a discount on the product you purchase because the bank will levy an interest rate on the loan you have availed, and Amazon will give the interest back to you as a discount. Let’s try to understand this concept with the help of an example -

Let us say you want to purchase an item for Rs.4800 on Amazon. The EMI interest is 12% per annum, and you are choosing a 6 month EMI plan. So the total interest on this loan would be Rs.288 for the 6-month tenure. And your monthly EMI amount would be Rs.848.

Under the No Cost EMI plan, this Rs.288 interest burden is given as a discount on your purchase. So your bill amount would become Rs.4800 – Rs.288 = Rs.4512. Your EMI amount will be Rs.4512 + Rs.288 = Rs.4800.

Also Read: Bajaj Finserv EMI Card - Get Everything On EMIs

How To Avail A No-Cost EMI On

Users have to realize that the No Cost EMI offer is available only on selected products on But it is very easy to avail the No Cost EMI option on Just follow the below steps -

  • Find a product you want to purchase and check whether it has the No Cost EMI option.
  • Once confirmed, add the item to the cart and click on the ‘Proceed to Checkout’ page.
  • Once you have chosen the shipping address, you will be taken to the payment page. On the payment page, remember to choose the credit card or debit card, or the Bajaj Finserv EMI card, which offers the No Cost EMI option.
  • The options presented to you will be ‘Pay in Full’ or ‘Pay in EMI’. When you click on EMI, you will be presented with the EMI tenure and the corresponding interest rates.
  • Amazon has a No Cost EMI option only on 3,6, 9 and 12 months tenure. So you need to pick one of them.
  • After selecting the suitable EMI option, they will need to fill in their card details including the card number, the name on the card and the CVV number.
  • After entering all the details, Amazon will display the interest amount as a discount on the final bill and complete the transaction.
  • Since you have already selected the EMI options on the Amazon site, you need not do anything on your bank site to affect the EMI.

Must Read: 5 Ways To Cut EMI Cost

What Are The Benefits Of Using No Cost EMI On Amazon To Purchase Products?

No cost EMI is available on a wide range of products, including mobile phones, large appliances, laptop computers, and much more. However, it only applies to certain sellers. The availability can be found in the offers section of the product detail page. These transactions have no processing fees or down payments. All major banks offer No Cost EMI on credit and debit cards, as well as Bajaj Finserv EMI cards.

What Are The Pros And Cons Of No Cost EMI?


  • This is an excellent option for those who are unable to pay the entire EMI amount on time. If you are unable to pay the entire EMI amount on time, No Cost EMI can be extremely beneficial.
  • No-cost EMI also aids in the development of a good credit score by allowing you to establish a good repayment history.
  • No-cost EMI offers are a simple way to reduce your credit card bill. They give you a substantial discount on your purchase, which you can use to buy something else or save for a rainy day.


  • Though this is a wonderful resource, it can also be a significant burden if not used properly. It is critical that you use your No Cost EMI responsibly in order to avoid debt.
  • The No Fee EMI option is not available on all products and services.
  • Failure to pay the EMI on time may result in a low credit score. Losing your credit score affects not only your ability to borrow money, but also your access to loans, mortgages, and other financial products.


1. Which payment methods are available to me in order to obtain a No Cost EMI on Amazon?

All major banks (Axis, ICICI, HDFC, Citi Bank, SBI, IndusInd, Yes Bank, Kotak, RBL, HSBC, Standard Chartered) and Bajaj Finserv EMI cards offer no-cost EMI.

2. Are there any fees or a down payment required?

These transactions have no processing fees or down payments. The interest component of the EMI will be taxed by your bank.

3. Is free EMI available on all of the site's products?

Free EMI is available on a wide range of products, including mobile phones, large appliances, laptop computers, and much more. It only applies to certain sellers. The availability can be found in the offers section of the product detail page.

4. Can I use my Amazon Pay balance in conjunction with the 0% EMI offer?

You cannot do so. To use the No cost EMI offer, you need to deselect your Amazon Pay balance payment method.

5. Can I combine the no-cost EMI offer with the exchange offer?

You certainly can. In that case, your EMI will be based on the reduced amount (after deducting the Exchange value).

6. Will my bank charge me interest?

Yes, you will be charged interest by your bank. However, you received this interest charge as an upfront discount at the time of purchase, effectively giving you the benefit of a No Cost EMI.

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